The Benefit and Cost of Carbon Farming Practice
The carbon pricing policy and the carbon farming initiative proposed by the Government provide an opportunity for farmers, foresters and other landholders to earn carbon credits, but the unknown costs and benefits hinder their participation. Through scientific experiments, a survey of farmers, and case studies, this project will assess the detailed costs and benefits associated with each carbon farming practice, i.e. soil carbon, re-vegetation and reforestation, and livestock methane reduction. Based on the cost-benefit analysis in a general equilibrium framework, the project will suggest the cost-effective methods for each carbon farming practice, and thus contribute to both economic development and environmental sustainability.
Completed in 2013
Funded by: University of New England
Contact: Xianming (Sam) Meng